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EURUSD

  • #576,401
  • Dec 19, 2011 6:00pm Dec 19, 2011 6:00pm
are you guys going short?
  • #576,402
  • Dec 19, 2011 6:01pm Dec 19, 2011 6:01pm
Quoting attila
Here's an example. This was a trade triggered from a pending short from last night. It went positive but by the time I woke up, it was negative and it's been like that ever since (about 20 some pips negative now). So here's what I'll do. Pretty simple. If the day (this is a daily chart) doesn't close below 4519(previous day low) I'll take the loss. Why? Because if that's the case, today will have formed a pin bar (i.e. going up) and bye bye shorts. There is no reason to let my SL get hit. Although it could eventually turn around and go my way, but...
Closed above by 4 pips, trade closed -26 pips.
  • #576,403
  • Dec 19, 2011 6:05pm Dec 19, 2011 6:05pm
Quoting attila
Closed above by 4 pips, trade closed -26 pips.
sorry about the lost, you should have EA to Move SL to BE
Mohan
  • #576,404
  • Dec 19, 2011 6:24pm Dec 19, 2011 6:24pm
Quoting mohan76
sorry about the lost, you should have EA to Move SL to BE
Why sorry? It's part of the deal. I'm actually happy for cutting a loser off and doing it in a logical way. Moving on to the next trade.
  • #576,405
  • Dec 19, 2011 6:32pm Dec 19, 2011 6:32pm
Quoting attila
Why sorry? It's part of the deal. I'm actually happy for cutting a loser off. Moving on to the next trade.
i can say that to my self , but if i say that to others it may look i am bit rude

i like your trading style
Mohan
  • #576,406
  • Dec 19, 2011 6:43pm Dec 19, 2011 6:43pm
Quoting hermanforex
are you guys going short?

Long 1.29ish and up...
  • #576,407
  • Dec 19, 2011 6:46pm Dec 19, 2011 6:46pm
Quoting mohan76
i can say that to my self , but if i say that to others it may look i am bit rude

i like your trading style
How's everything going? You're still around so I assume it's all good...
  • #576,408
  • Dec 19, 2011 6:47pm Dec 19, 2011 6:47pm
Quoting todstars2
EUR
Your trend line looks perfect, but problem is any time that trend will be crossed and find another area, how do you overcome this?
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  • #576,409
  • Dec 19, 2011 6:49pm Dec 19, 2011 6:49pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
aussie up!
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give 1 and get 100
  • #576,410
  • Dec 19, 2011 6:51pm Dec 19, 2011 6:51pm
another failed attempt at break. eur is a dog
  • #576,411
  • Edited 7:07pm Dec 19, 2011 6:54pm | Edited 7:07pm
Quoting leandar_
Your trend line looks perfect, but problem is any time that trend will be crossed and find another area, how do you overcome this?
Manual stop adjustment every hour or so...

Trailing right behind until the trend is no longer the trend.

Works good on the daily charts too but Im so impatient I like the hourly for daytrading

Let me add, finding good support or resistance points on daily weekly and monthly charts is vital as well
  • #576,412
  • Dec 19, 2011 6:58pm Dec 19, 2011 6:58pm
Quoting duca
aussie up!
even in the 30 min still down...


http://web90.server2.kingstaff-serve...755audusd1.jpg
  • #576,413
  • Dec 19, 2011 7:21pm Dec 19, 2011 7:21pm
Quoting duca
aussie up!
Monetary Policy Meeting Minutes was opened, i think some more up is coming then retrace.
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  • #576,414
  • Dec 19, 2011 7:45pm Dec 19, 2011 7:45pm
wow i thought the australian open was going to drive the eur/usd down
why?
  • #576,415
  • Dec 19, 2011 7:46pm Dec 19, 2011 7:46pm
Euro 1h and USDX...
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Attached Image
Patience, Emotion Control and Discipline.
  • #576,416
  • Dec 19, 2011 7:54pm Dec 19, 2011 7:54pm
Quoting johncen
Euro 1h and USDX...
johncen, do you have any setup for entry ? . i am bit scared to Koreans, last time when they fire artillery, it was fallen on my account and manage to make enough damage to me.

incase if are you looking for usdindex on mt4 winsdor direct demo have on it
Mohan
  • #576,417
  • Dec 19, 2011 7:57pm Dec 19, 2011 7:57pm
Quoting attila
Why sorry? It's part of the deal. I'm actually happy for cutting a loser off and doing it in a logical way. Moving on to the next trade.
Is a sign of a good trader plan your trade & trade your plan

I want you to be wrong in this case
If you are new to Forex? Say Goodbye to your account!!
  • #576,418
  • Dec 19, 2011 7:58pm Dec 19, 2011 7:58pm
Quoting mohan76
johncen, do you have any setup for entry ? . i am bit scared to Koreans, last time when they fire artillery, it was fall on my account and manage to make enough damage to me.

incase you looking for usdindex on mt winsdor direct demo
I hav a buy from last Thurs...will wait for break out..either trend line for 2870 or 3050 for 3150 atleast...

Don't think North Korea will do anything stupid this time...well hopefully they wont...main focus still Euro zone I reckon..
Patience, Emotion Control and Discipline.
  • #576,419
  • Dec 19, 2011 8:12pm Dec 19, 2011 8:12pm
Quoting KiwiTrada
Is a sign of a good trader plan your trade & trade your plan

I want you to be wrong in this case
Why? You're short on g/c? Not saying, it could be a good trade. Actually a killer trade if you look at weekly chart. I might even pick it up from higher if PA allows.
  • #576,420
  • Edited 9:41pm Dec 19, 2011 8:53pm | Edited 9:41pm
again asian session moving so fast



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edit : so boring , closed it for 0.5 pip
Mohan
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